- Cardano (ADA) broke above $0.70 resistance for the first time since March 1st, and analyst Investing Broz sees potential for $1.90 target.
- HBAR crossed key resistance levels and could reach $0.33 by August, while ONDO broke out of a falling wedge pattern with $1.84 target.
- All three altcoins show synchronized breakout patterns that suggest broader market strength and increased investor interest in alternative cryptocurrencies.
Cardano (ADA) has surged past a critical resistance level at $0.70, marking its first breakthrough above this threshold since March 1st. The cryptocurrency’s latest price action has caught the attention of market analysts who see potential for significant upside movement.
Cryptocurrency analyst Investing Broz highlighted the breakout as a pivotal moment for ADA. The token had been consolidating within a falling wedge pattern for several weeks before breaking free from the technical formation. This pattern typically signals bullish momentum when broken to the upside.
“This is an important moment for Cardano,” Investing Broz stated. “Breaking a resistance level that has held since March indicates growing strength in the market, and the next targets are now within reach.”
The $0.70 resistance level proved stubborn during previous attempts. The last significant effort to breach this price point occurred in early March when a tweet from President Donald Trump sparked brief interest in several altcoins, including Cardano. That rally failed to sustain momentum, but current technical indicators suggest stronger foundations for this breakout.
ADA Price Targets and Long-Term Outlook
Based on chart analysis, Investing Broz projects Cardano could climb toward $1.90 in the coming months. The analyst’s technical assessment points to improved bullish indicators supporting this upward trajectory.
Looking beyond the immediate target, the analyst outlined a broader price range for ADA during this market cycle. The cryptocurrency could reach between $6 and $12, though such levels depend on multiple factors, including overall market sentiment, regulatory developments, and the continued expansion of Cardano’s network adoption.
The current breakout appears more sustainable than previous attempts, with technical indicators showing stronger momentum behind the move. Trading volume and market structure suggest increased investor confidence in ADA’s prospects.
HBAR and ONDO Show Similar Breakout Patterns
Investing Broz identified two additional altcoins displaying breakout potential: HBAR and ONDO. Both cryptocurrencies have broken through key resistance levels, suggesting broader altcoin strength.
HBAR recently crossed an important resistance barrier it had not breached since December 2024. The token has already touched $0.21 and could advance to $0.228 soon. If the rally maintains momentum, HBAR will reach $0.33 by August and climb to $0.60 and $0.80 by year-end.
ONDO has also emerged from a falling wedge pattern, with the analyst projecting a move toward $1.84 in the coming weeks. Should bullish momentum persist, ONDO could revisit its previous high of $2.12 under favorable market conditions.
The synchronized breakouts across these altcoins suggest a potential shift in market dynamics. Technical patterns indicate increasing interest in alternative cryptocurrencies as traders seek opportunities beyond major tokens.
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